Note 7 – MORTGAGE DEBT

As of December 31, 2025, the Company had mortgage debt of $9,989,625, primarily related to income-producing residential real estate properties acquired in connection with the reverse merger with DC Rental Portfolio Corp.

The mortgage obligations are secured by the underlying real estate assets and generally bear interest at contractual rates with stated maturity dates. Interest is accrued and recognized as expense over the term of the respective agreements. The mortgage debt is recorded at the outstanding principal balance, net of any unamortized financing costs, in accordance with ASC 835-30, Interest. Related deferred financing costs, totaling $266,539, are presented separately on the consolidated balance sheet and are amortized over the term of the respective debt instruments using the effective interest method.